11 88 0 Solutions Akt Reports Positive Operating Cash Flow in 2023 Financial Results

• 11880 Solutions AG significantly improved its earnings and slightly increased its revenue in 2023
• The company achieved its goal of increasing profitability with a positive operating cash flow on an annualised basis
• In 2023, the company generated sales of EUR 57.1 million, with EUR 44.8 million from the Digital Business and EUR 12.3 million from the Directory Assistance segment
• Group EBITDA rose from EUR 2.4 million in 2022 to EUR 2.6 million in 2023
• The company is focusing on creating more value for the major rating search engine werkenntdenBESTEN and developing AI solutions to support and optimise various business processes in 2024
• For the 2024 financial year, 11880 Solutions AG expects revenue of between EUR 54.3 million and EUR 60.0 million and EBITDA of between EUR 3.1 million and EUR 4.6 million.

The next important date, Publication Annual Financial Report, at 11 88 0 Solutions Akt is on 30.04.2024.

The price of 11 88 0 Solutions Akt at the time of the news was 0,7450EUR and was down -1,32 % compared with the previous day.

11 88 0 Solutions Akt

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ISIN:DE0005118806WKN:511880

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